The government is reacting to your cryptocurrency & Volkswagen vs Tesla

<p><strong>[As heard on WGAN on 2021-06-16-wgan]</strong></p> <p>Did you notice on your IRS tax forum this year? The very first question. Yes. The government is starting to crack down on cryptocurrency transactions. We just found out about what the FBI did. There's a whole lot there. And then also this morning, Tesla versus Volkswagen, completely different ideas and methodologies for your next autonomous and even electric car. How might things turn out for us? So here we go.</p> <p>[00:00:35] <strong>Aaron Chadborn:</strong> [00:00:35] This is Aaron Chadbourne in for Matt on the WGAN morning news, and we are excited to be joined now as we are every week by Craig Peterson. Craig. Good morning.</p> <p>[00:00:45] <strong>Craig Peterson:</strong> [00:00:45] Hey, good morning.</p> <p>[00:00:45] <strong>Aaron Chadborn:</strong> [00:00:45] Sure. So with Biden meeting with Putin, obviously we've been dealing with the Russian hackers.</p> <p>[00:00:51]One thing that I've always understood about cryptocurrency and why it's become so popular is because these payments are untraceable. And we've seen that these ransomware attacks they've asked for payment in Bitcoin, but now they're turning up and investigations with the announcement by the FBI that they've reclaimed the cryptocurrency that was paid.</p> <p>[00:01:10] What's going on, Craig.</p> <p>[00:01:11] <strong>Craig Peterson:</strong> [00:01:11] Yeah, this is a very interesting problem because initially Bitcoin value came because of a bunch of illegal maneuvers. These guys were trading Bitcoin back and forth to each other and would pay a little bit more every time. They were pulling money from the same pot, manipulating the value of bitcoin to try and get it to be worth something right? When you're paying thousands of Bitcoin for a pizza, it tells you something. So next up, what we had is the next major momentum for Bitcoin was ransomware. In fact, if you look at the value of Bitcoin and compare it to the amount of ransomware that's out there and how much people are pa